Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.35% to 103.31.

USD exchange rate in the world today

The US dollar fell to a three-week low on Tuesday after the release of US inflation data for May, reinforcing expectations that the US Federal Reserve will pause interest rate hikes at its June policy meeting.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

Data released on June 13 showed that the US Consumer Price Index (CPI) increased 0.1% in May, after increasing 0.4% in April. In the 12 months to May, the CPI increased 4.0%, this is the smallest annual increase since March 2021. Previously, in April, the CPI reached an annual increase of 4.9%.

John Madziyire, senior portfolio manager at Vanguard, said that after the CPI data, he has high expectations that the Fed will pause interest rate hikes at today's meeting, June 14.

Futures traders now see a 93% chance that the US central bank will decide to abandon its 11th straight rate hike and keep its benchmark rate at 5.00% to 5.25% at this meeting. However, the interest rate futures market has cut bets on a July rate hike to around 64% from more than 70% earlier this week.

In contrast, the Euro rose 0.3% to $1.0793. Against the yen, the USD rose 0.4% to 140.17 yen.

The European Central Bank (ECB) interest rate decision is due tomorrow, June 15, with markets pricing in a 25 basis point rate hike and another hike in July before pausing.

This is followed by the Bank of Japan, which is expected to maintain its ultra-dovish stance and institute yield curve control at its June 16 policy meeting.

USD exchange rate today (June 14): USD slides after US inflation data. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on June 13, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 1 VND, currently at: 23,699 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,400 VND - 24,833 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,320 VND

23,660 VND

Vietinbank

23,295 VND

23,715 VND

BIDV

23,350 VND

23,650 VND

* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly to: 24,232 VND - 26,783 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,888 VND

26,019 VND

Vietinbank

24,528 VND

25,818 VND

BIDV

24,965 VND

26,091 VND

MINH ANH